AceTraderFx Apr 24: Intra-Day Market Moving News and Views USD/JPY, NZD/USD

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AceTraderFx Jul 7: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
07 Jul 2015 02:15GMT

USD/JPY - ....... Dlr swung wildly on Mon after a gap-down open in NZ to a fresh 1-month trough at 121.70, short-covering quickly lifted price to 122.71 in Asia and price later rose to 122.93 ahead of NY open before retreating to 122.32 in NY afternoon.
Later, dlr staged another rebound to 122.81 in Asian morning on Tuesday due partly to gain in the Nikkei.

Due to the lack of important eco. data and events in the U.S. today, the pair may be affected on intra-day performance of global stocks which may affect yen move.
At the moment, offers are noted at 122.85-95 and more around 123.00 with mixture of offers and stops at 123.20-30.
On the downside, bids are reported at 122.50-40 and then 122.20/15 with mixture of bids and stops just below 122.00.

Data to be released on Tuesday:

Australia's RBA rate decision and statement, Swiss Unemployment Rate, Germany's Industrial Output, U.K. Industrial Output and International Trade, Canada's Exports, Imports and Trade Balance, U.S. Redbook retail sales.

 

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AceTraderFx Jul 8: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
08 Jul 2015 02:25GMT

USD/JPY - ...... Although dlr staged a rebound from 122.01 to 122.65 in NY session as Dow pared early its losses and ended in a positive territory on Tuesday (DJI rebounded from intra-day low at 17465 and closed up 0.53% to 17776), price fell again to 121.97 in Tokyo morning on Wednesday as decline in Asian stocks markets triggered broad-based buying in yen for risk aversion.

Looks like buying of yen would continue ahead of European open and therefore, selling on intra-day recovery is recommended, however, near term outlook remains consolidative and reckon Mon's fresh 1-month trough at 121.70 would hold in Asia.
Having said that, investors should pay attention to the Eco Watch Survey released by the Cabinet Office at 05:00GMT as it is a survey that is considered as basic material for assessing short-term economic trends in Japan.
Later in NY afternoon at 18:00GMT, Fed's Williams will speak on the economic outlook before the International Conference of Commercial Bank Economists and Fed will release minutes of its latest meeting.

At the moment, offers are noted at 122.30-40 and more around 122.50 with mixture of offers and stops at 122.60-70.
On the downside, bids are reported at 121.90/85 and then 122.75/70 with mixture of bids and stops just below 121.70.

Wednesday will see the release of U.K. BRC Shop Price Index, Japan's Current Account, Economy Watchers Poll, U.K. Budget Report, Canada's Building Permits and U.S. FOMC Minutes.

 

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AceTraderFx Jul 10: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
10 Jul 2015 02:34GMT

USD/JPY - ...... Despite a brief retreat fm 121.81 ahead of Asian open, renewed buying at 121.51 lifted dlr n the pair then rose to a intra-day high of 121.96 as rebound in Asian bourse boosted risk appetite.

As fears of a Grexit n recent China's stock market rout are fading, suggesting buying the dlr on dips is recommended today. At present, bids are reported at 121.50-40 n then 121.20-10 with mixture of bids n stops just below 121.00. On the upside, offers are noted at 122.00-10 n more near 122.30 with mixture of offers n stops at 122.40-50.

Ahead of European open, Japan Cabinet Office will release consumer confidence at 05:00GMT. Later, in NY session, we will release the U.S. wholesale inventories n wholesale sales released by the US Census Bureau, then the speeches fm Federal Reserve Bank of Boston President Eric Rosengren n Federal Reserve Chair Janet Yellen at 15:35GMT n 16:00GMT respectively.

Friday will see the release of Japan's Corp Goods Price, Australia's Housing Finance, Invest Housing Finance, Japan's BoJ Monthly Eco. Survey, Consumer Confid. Index, U.K. Goods Trade Balance, Canada's Employment Change, Unemployment Rate, U.S. Wholesale Inventories, Wholesale Sales and Monthly Budget Statement.

 

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AceTraderFx Jul 13: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
13 Jul 2015 02:16GMT

USD/JPY - ...... Despite dlr's gap-down open to 122.05 in NZ on Monday due to risk-aversion buying in yen on uncertainty over Greek debt talks, renewed buying interest swiftly lifted price to 122.78. Later, dlr stabilised around 122.50 level in Tokyo morning.

At Asian midday, investors should pay attention to the release of a slew of economic from Japan (04:30GMT), these includes the tertiary industry index, industrial production n capacity utilization.
Until then, buying dlr on dips due to the intra-day rise in Nikkei (last seen up 1.25% to above 20000 level at 2020) is recommended.

At the moment, offers are noted at 122.85-95 and more around 123.00 with mixture of offers and stops at 123.20-30.
On the downside, bids are reported at 122.20-10 and then 122.00-121.90 with mixture of bids and stops just below 121.80.

This week will see the release of China's imports, exports and trade balance, Japan's industrial output, capacity utilization on Monday.

U.K. BRC retail sales, Australia's NAB business confidence, Germany's HIcp, CPI, U.K. CPI, RPI and PPI, Germany's ZEW economic sentiment, eurozone industrial production, U.S. retail sales, Redbook and business inventories on Tuesday.

Australia's consumer sentiment, China's GDP, retail sales, industrial output, BoJ's policy meeting statement and press conference, Swiss retail sales, U.K. claimant count unemployment change, ILO unemployment, Swiss ZEW inestor sentiment, Canada's manufacturing sales, U.S. industrial output, NY Fed manufacturing, PPI, Bank of Canada rate decision and statement on Wednesday.
New Zealand's business NZ PMI, CPI, Australia's consumer inflation, BoJ's monthly economic survey, eurozone inflation and eurostat trade. ECB's rate decision and press conference, U.S. initial jobless claimsCB leading economic index, Philly Fed Capex index, NAHB housing market index, foreign treasury buys, net long-term flows and overall net capital flows also on Wednesday.

Australia's CB leading indicator, Westpac leading index, U.S. CPI and core CPIm housing starts, building permits, Canada's CPI and U.S. Michigan consumer sentiment on Thursday.

China house prices on Friday.

 

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AceTraderFx Jul 14: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
14 Jul 2015 02:05GMT

USD/JPY - ...... Although dlr maintained a firm undertone against the yen ahead of Asian open on Tue due to risk appetite and price extended near term rally to 123.73 in Tokyo morning, profit-taking below June's 123.75 capped intra-day gain the pair then retreated to 123.48.

Today's focus for the greenback is on the release of U.S. retail sales at 12:30GMT. Market expects a monthly gain of 0.3% in Jun, after the 1.2% boost seen a month ago, while the retail sales excluding auto sales to be a rise of 0.5% compare to the last reading of 1.0%. In addition, Bureau of Labor Statistics will offer a fresh updates of import price index n export price index in June.

The lack of follow-through buying above NY high of 123.54 and present retreat from 123.73 suggests consolidation with downside bias is likely to be seen in Asia and therefore, selling dlr on recovery ahead of European open is recommended.
Having said that, day traders can look to buy on intra-day decline to 123.00 in anticipation of another upmove later today or tomorrow.

At present, offers from various accounts are noted at 123.60-70 n more around 123.90 with stops building up just above 124.00.
On the downside, bids are reported at 123.20-10 and then 123.00-80 region with mixture of bids n stops at 122.60-50.

Tuesday will see the release of U.K. BRC retail sales, Australia's NAB business confidence, Germany's HICP, CPI, U.K. CPI, RPI and PPI, Germany's ZEW economic sentiment, eurozone industrial production, U.S. retail sales, Redbook and business inventories.

 

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AceTraderFx Jul 15: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
15 Jul 2015 02:28GMT

USD/JPY - ..... Although dlr fell from a near 2-week high of 123.73 in Asia to 123.19 on Tuesday adn then staged a recovery to 123.54 in Europe, price briefly tanked to 122.92 in NY morning after release of weak U.S. retail sales data, renewed broad-based buying in the greenback quickly emerged and lifted price to 123.45.
Later, dlr moved in a relatively narrow range of 123.25-123.45 for rest of the NY session before climbing higher on renewed selling in yen.

Today's focus on dlr in Asian session is the announcement of the latest BoJ monetary policy decision n then the BoJ Governor Kuroda's press conference around 03:00GMT and 06:30GMT respectively.
The BoJ is widely expected to maintain its monetary policy target unchanged after its two-day monthly meeting n continues its Japanese government bond purchase, the central bank will maintains its view inflation will accelerate to around 2% in the first half of fiscal 2016.

Later in NY session, market focus will be on the speeches from Federal Reserve Chair Janet Yellen who will deliver her semi-annual testimony on monetary policy before the House Financial Services Committee at 14:00GMT and Federal Reserve Bank of San Francisco President John Williams who will speak on the economic outlook before the Mesa Chamber of Commerce at 19:00GMT. In addition, investors should pay attention to the release of a slew of U.S. economic data in NY morning, these include industrial output, NY Fed mfg index, PPI and capacity utilization. Until then, dlr is expected to remain range bound inside 123.73-122.92 (Tuesday's range) for now.

Bids are noted at 123.30-25 and more below with stops reported below 122.90.
Offers are tipped at 123.50/55 and more above with stops building above 123.75.

Data to be released on Tuesday:

Australia consumer sentiment, China GDP, retail sales, industrial output, Japan rate decision, France CPI, Swiss retail sales, ZEW investor sentiment, UK claimant count, unemployment rate, Canada manufacturing sales, BoC rate decision, U.S. PPI, capacity utilisation and Fed Beige book.

 

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AceTraderFx Jul 16: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
16 Jul 2015 02:16GMT

USD/JPY - ...... Dlr jumped shortly after NY open on Wednesday after transcript of of Fed's chair Janet Yellen ahead of her 2-day semi-annual testimony was released which triggered broad-based demand for the greenback.
Later, dlr rose to a 2-week high of 123.97 and then retreated to 123.65 before climbing back to 123.97 ahead of Asian open on Thursday.

Ahead of European open, BoJ will release its monthly economic survey which presents a study of economic movements in Japan.
Later in NY session, market focus will be on the speech from Federal Reserve Chair Janet Yellen who will deliver her semi-annual testimony on monetary policy before the Senate Banking Committee at 14:00GMT.
Meanwhile, investors should pay attention to the release of the a slew of U.S. economic data, these include the initial jobless claims, Philly Fed business index, NAHB housing market index.

At the moment, bids are noted at 123.60-50 and more below with stops reported below 123.20.
On the upside, offers are tipped at 124.00/05 and more above with stops building above 124.30.

Thursday will see the release of Australia's CB leading indicator, Westpac leading index, ECB monetary policy decision and press conference, U.S. CPI, core CPI and housing starts, building permits, Canada's CPI and U.S. Michigan consumer sentiment.

 

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AceTraderFx Jul 17: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
17 Jul 2015 02:01GMT

USD/JPY - ...... Although dlr rose to a fresh 3-week peak at 124.18 in NY morning on Thur after the release of lower-than-expected number in weekly U.S. initial jobless claims, price briefly fell to 123.86 after the downbeat Philadelphia Fed mfg survey before renewed buying emerged after comments from Fed's chair Yellen. Later, dlr climbed back to 124.15 near NY close and then marginally higher to 124.23 at Asian open.

As dlr has maintained a firm bias in subdued Asian trading, suggesting buying on dips is recommended. Having said that, sharp gain is not envisaged ahead of NY open as profit-taking is likely to emerge before the release of the important U.S. inflation reports and housing data at 12:30GMT, then the U. of Michigan consumer sentiment and as well as the speech from Federal Reserve Vice Chair Stanley Fischer at 14:00GMT.

Market estimates for U.S. CPI to show a rise of 0.3% month-on-month in June, lifted by a nearly 4% increase in gasoline prices while the year-on-year rate of CPI to climb to 0.1% fm a flat reading in May. Meanwhile, forecasts for the U.S. core CPI are to have risen 0.2% month-on-month and 1.8% year-on-year from previous readings of 0.1% n 1.7% respectively. In addition, U.S. housing starts are expected to show an increase to 1.110 mln units in June, while building permits are forecast to have fallen to 1.115 mln units. Finally, the Michigan consumer confidence index is expected to rise to 97.0 in June, up from previous reading of 96.1.

At the moment, bids are noted at 123.90-80 and more below with stops reported below 123.60.
On the upside, some offers are tipped at 124.25/30 with selling interest from various accounts at 124.40-50 and then more at 124.70-80.

Friday will see the release of Australia's CB leading indicator, Westpac leading index, U.S. CPI, core CPI and housing starts, building permits, Canada's CPI and U.S. Michigan consumer sentiment.

 

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AceTraderFx Jul 20: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
20 Jul 2015 02:46GMT

USD/JPY - ...... Dlr trades narrowly but with a firm undertone in subdued Asian trading following Friday's rebound from 123.92 (Europe) as markets in Japan are closed today for Marine Day holiday.

Looks like sideways move below Fri's 2-week high of 124.23 would be seen until European open but buying dlr on dips due to anticipated broad-based strength in the greenback is recommended. Having said that, the absence of U.S. eco. events and data today and near term yen's strength vs other major ccys would limit strong gain and price may falter below previous resistance at 124.62.

At the moment, bids are reported at 124.05/00 and then 123.80-123.70 with mixture of bids and stops just below 123.50.
On the upside, offers are noted at 124.35-45 and more around 124.50 with mixture of offers and stops at 124.70-80.

This week will see the release of U.K. Rightmove house prices, China house prices, Germany's producer prices, eurozone current account, Germany's Bundesbank monthly report and Canada's wholesale trade data on Monday.

Japan's Tankan DI, RBA meeting's minutes, China CB leading economic index, Swiss trade, U.K. PSNCR and U.S. Redbook on Tuesday.

Australia's Westpac leading index and CPI, BoE minutes, vote outcome, inflation report hearing, CBI distributive trades, U.S. monthly home price index, Markit service PMI, existing home sales and eurozone consumer confidence on Wednesday.

New Zealand's interest rate decision, Japan's exports, imports and trade balance, U.K. retail sales, BBA mortgage approvals, U.S. initial jobless claims, Canada's retail sales, eurozone consumer confidence flash and U.S. leading index change on Thursday.

New Zealand's imports, exports and trade balance, Japan's manufacturing PMI, China's Markit manufacturing PMI flash, Germany's and eurozone Markit manufacturing and services PMI respectively, U.S. Markit manufacturnig PMI, U.S. new home sales on Friday.

 

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AceTraderFx Jul 21: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
21 Jul 2015 02:15GMT

USD/JPY - ...... Dlr rose to a fresh 2-week peak at 124.39 in NY morning on Monday following the hawkish comments by St. Louis Fed Bullard and despite a brief retreat to 124.19 on profit-taking, price maintained a firm bias and edged higher in NY afternoon. The pair retest 124.39 shortly after Asian morning on Tuesday before easing again.


Although range trading is in store, market expectations U.S. interest rates could be raised as early as September should continue to provide support the greenback today and therefore, buying on dips is recommended.
However, sharp gain is not likely to be seen and reckon 125.00 limit upside.

At the moment, bids from various accounts are reported around 124.20 and then 124.05/00 with mixture of bids and stops at 123.80-70.
On the upside, offers are tipped at 124.50/55 and more around 124.80 with mixture of offers and stops at 124.90-00.

Tuesday will see the release of Japan's Tankan DI, RBA meeting's minutes, China CB leading economic index, Swiss trade, U.K. PSNCR and U.S. Redbook.